I think you are right. My experience is in used and bespoke-new but most modern furniture seems to cost almost nothing at manufacture ... with the costs being importation, sales, stocking and shipping.
There is a weird trend now for consumers over-compensating for this with 'Oak Furniture Land' type-stuff, with unnecessary over-use of hardwood (using a third more material than necessary - if it were manufactured carefully).
I think you are right. My experience is in used and bespoke-new but most modern furniture seems to cost almost nothing at manufacture ... with the costs being importation, sales, stocking and shipping.
There is a weird trend now for consumers over-compensating for this with 'Oak Furniture Land' type-stuff, with unnecessary over-use of hardwood (using a third more material than necessary - if it were manufactured carefully).